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agro
Nigerian Spice Export (Ginger, Hibiscus)
Aggregate and export dried ginger, hibiscus (zobo), and other Nigerian spices to overseas buyers in Europe and Asia who pay dollar prices for quality, well-processed produce.
💰 Ways to Fund This
National MSME Awards Grant (FG "Renewed Hope for MSMEs")
₦100,000–₦5,000,000
Grant
Registered or registering Nigerian MSME (CAC registration usually required or fast-tracked). Application windows open periodically, not year-round.
📊 Non-repayable grant — no interest, no repayment.
SMEDAN Programmes (free registration, training, grant windows)
₦0–₦3,000,000
Government Fund
Nigerian-owned micro or small business. Free CAC business name registration via the CAC-SMEDAN partnership is a common entry point.
📊 Varies by scheme — many components are free or grant-based; some link to subsidized loans.
NIRSAL Microfinance Bank — AGSMEIS (Agri-Business/SME Investment Scheme)
₦500,000–₦10,000,000
Microloan
Nigerian SME or agribusiness owner; must complete a NIRSAL-approved Entrepreneurship Development Institute (EDI) training and get a completion certificate before disbursement.
📊 9% per annum interest (non-interest/Sharia-compliant option also available) — well below commercial or fintech rates. Up to 18-month moratorium before repayment starts.
NIRSAL Microfinance Bank — Targeted Credit Facility (TCF)
₦50,000–₦25,000,000
Microloan
Nigerian household, micro-enterprise, or small business; originally COVID-era, has continued as a general SME/household facility — confirm current status before applying.
📊 5% per annum interest — among the cheapest business credit available in Nigeria.
⚠️ Informational only — not financial advice. Confirm current terms directly with each provider before applying, and borrow only what you can repay.